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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 6
If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is
A) 2.
B) 5.
C) 8.
D) 10.
A) 2.
B) 5.
C) 8.
D) 10.
Explanation
Verified
Verified
The formula is: 
Her...
Economics for Today 7th Edition by Irvin Tucker
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